Mercator Petroleum (MPL), a Mercator Group Company, has received approval from Directorate General of Hydrocarbons (DGH) for the Field Development Plan (FDP) submitted by MPL for its Jyoti-1 & Jyoti-2 oil discoveries.
DGH has approved the FDP for over 23 million barrels of recoverable Oil over the life of field. MPL is also gearing up to commence Extended Well Test (EWT)/ Trial Production at one of the wells in March 2018, as approved by DGH earlier. EWT will help MPL streamline operations prior to full-fledged production which is targeted to commence at the earliest.
Mercator Petroleum, a Mercator Group is Mumbai based International organisation. As a group, Mercator has diversified business interests in Coal, Oil & Gas, Commodity Transportation and Dredging.
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